circles are made from trend, just to make sure perpendicular bisector is correct to draw the pitchfork. regular pitchfork. then did octaves (as in 1/8...0.125, 0.25, 0.375, 0.5 etc) which michael s jenkins says is key to everything, probably has something to do with music and harmonics idk. pitchfork looks kinda like musical staff no? market in the key of b sharp HEHEHEHE #don'tmindme
original pitchfork btw
i'm macro bull but micro bear here, maybe down to 17.5ish idk. be safe everyone
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now i see 18.5 everywhere. retest of double bottom neckline, also double bottom is potentially a cup and handle if you zoom out, and a 50% retrace, which some ppl say is the max retracement level for handle (tho they're probably talking more about legacy markets vs crypto, which we all know is insane), would be 18.5. anyway the point is i don't think we're going to 13k or whatever...18.5 would be max pain for bulls AND bears waiting for 13k. keep everyone on their toes
This is fantastic chartwork. I noticed that the angle looked very similar to what I've discovered in some of my own personal unpublished work... so I decided to take a closer look. I changed it to logarithmic scale, reversed your fork and expanded it upwards. And indeed, you nailed it. Levels too! Interesting method. Solid 👍
FinanciallyCodependently
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@Durbtrade, oh wow that's cool, thanks for the compliment and the confirmation! appreciate your charts too. where do you think bitty is going here?
Durbtrade
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You're welcome @FinanciallyCodependently, and thank you. Personally I think that we've bottomed, but I've been wrong before. I play the game as a bull, so I suppose that I tend to transpose everything that I see into that key (F-flat minor, perhaps? lol). But either way, I wish you good luck on your trades! And thanks for sharing your work!
FinanciallyCodependently
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@Durbtrade, same, i think we've bottomed too....looking at 18.5 but not really sure
Levels too! Interesting method. Solid 👍